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Monetary Policy in Sub-Saharan Africa

Monetary Policy in Sub-Saharan Africa »

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

DOI: http://dx.doi.org/10.5089/9780198785811.071

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

Monetary policy in sub-Sahara Africa (SSA) has undergone an important transformation in recent decades. With the advent of sustained growth and generally stable fiscal policies in much of the region, many countries...

Republic of Mozambique: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria—Staff Report; Press Release

Republic of Mozambique: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria—Staff Report; Press Release »

Source: Republic of Mozambique : First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria-Staff Report; Press Release

Volume/Issue: 2014/20

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2014

ISBN: 9781484390429

Keywords: Debt management, External borrowing, Economic indicators, Mozambique, Fiscal reforms, Fiscal policy, Monetary policy, Staff Reports, Public investment, Policy Support Instrument

The Executive Board of the IMF has completed the first review under the three-year Policy Support Instrument (PSI) for Mozambique. Mozambique's macroeconomic performance remains strong: real GDP growth for 2013 is...

IMF Completes First Review Under the Policy Support Instrument for: Mozambique

IMF Completes First Review Under the Policy Support Instrument for: Mozambique »

Source: Republic of Mozambique : First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria-Staff Report; Press Release

Volume/Issue: 2014/20

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2014

ISBN: 9781484390429

Keywords: Debt management, External borrowing, Economic indicators, Mozambique, Fiscal reforms, Fiscal policy, Monetary policy, Staff Reports, Public investment, Policy Support Instrument

The Executive Board of the IMF has completed the first review under the three-year Policy Support Instrument (PSI) for Mozambique. Mozambique's macroeconomic performance remains strong: real GDP growth for 2013 is...

1 Monetary Policy in Sub-Saharan Africa

1 Monetary Policy in Sub-Saharan Africa »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction Central banks (CBs) in sub-Saharan Africa (SSA) have made great progress over the past two decades in stabilizing inflation, to single digits on average, in the contex...

2 Inflation Targeting in Uganda

2 Inflation Targeting in Uganda »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction The Bank of Uganda (BOU) introduced its inflation targeting (IT) monetary policy framework in July 2011, replacing a monetary targeting (MT) framework which had been i...

3 Introduction to Part I

3 Introduction to Part I »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

Our understanding of monetary policy in LICs, as with any economic subject, must be fundamentally empirical. Theory is unlikely to give an unambiguous answer to any important policy...

4 Economic Fluctuations in Sub-Saharan Africa

4 Economic Fluctuations in Sub-Saharan Africa »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction In this chapter we provide (i) an overview of some of the structural features of the economies of sub-Saharan Africa (SSA) and (ii) a systematic characterization of ec...

5 The Monetary Transmission Mechanism

5 The Monetary Transmission Mechanism »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction In this chapter, we attempt to learn about the transmission mechanism by looking closely at a set of related cases in which policymakers in four countries (Kenya, Ugan...

6 Identifying the Monetary Transmission Mechanism in Sub-Saharan Africa

6 Identifying the Monetary Transmission Mechanism in Sub-Saharan Africa »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

1 Introduction Central banks and researchers in low-income countries often use structural vector auto-regression (SVAR) models estimated on aggregate macroeconomic data to develop a...

7 Introduction to Part II

7 Introduction to Part II »

Source: Monetary Policy in Sub-Saharan Africa

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

The chapters in Part II reflect our efforts over the last few years to use simple dynamic general equilibrium models to analyse monetary policy issues facing sub-Saharan African (SS...